The London Stock Exchange has extended the deadline for Sweden-based Hedin Group to continue discussions and due diligence with Pendragon before it must decide whether to make a formal takeover bid for the major AM100 dealer group which trades under the Evans Halshaw and Stratstone brands.
Swedish car retailer Hedin Group could be lining up a second takeover bid for Pendragon after having an initial £400m offer rejected, it has been reported.